Miata arranges $10-million public offering

Executive Summary

• Miata Metals Corp. announced a public offering of up to 20,833,500 common shares at $0.48 per share, targeting gross proceeds of up to $10 million.
• The company has granted an overallotment option to the lead agent, Cormark Securities Inc., allowing for the sale of up to an additional 3,125,000 shares, which would increase total gross proceeds by up to $1.5 million.
• Net proceeds are designated for exploration activities on the Sela Creek project in Suriname, as well as general working capital and corporate purposes.

Key Details

• Offering Structure: Public offering of common shares from the treasury, conducted on a best-effort agency basis via a syndicate of agents led by Cormark Securities Inc.
• Share Quantity: Up to 20,833,500 common shares.
• Price: $0.48 per common share.
• Gross Proceeds: Up to $10,000,080 from the base offering.
• Overallotment Option: Option to sell up to 3,125,000 additional common shares at $0.48 per share, providing additional gross proceeds of up to $1.5 million.
• Overallotment Terms: Exercisable in whole or in part, at any time up to 30 days following the closing of the offering, for market stabilization and to cover overallotments.
• Use of Proceeds: Exploration activities on the Sela Creek project in Suriname; general working capital; and corporate purposes.
• Expected Closing: On or about December 4, 2025.
• Regulatory Conditions: Subject to regulatory approval, including that of the Canadian Securities Exchange.
• Jurisdiction: Offered via short form prospectus in Canadian provinces (except Quebec); may be offered in the United States on a private placement basis under exemptions from the Securities Act of 1933.

Notable Quotes

• No direct quotes from management were included in the provided text.